Canada stops the minting of the Penny :
for a savings of C$11m.
Pennies can still be used in purchases.
Thoughts ?
Canada now joins at least 10 countries in ending the minting of low denomination coins :
including Switzerland and Brazil !!
Cost of producing a one cent coin is 1.6 Canadian cents.
" There are 30 billion pennies in circulation and every year they are minting more.........
these are all good excuses to slowly bring in the Amero one currency and eventually no currency.